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When you pawn an item, you receive a short-term loan in exchange for the item, which is held as collateral for a defined period of time, after which it becomes the property of the pawn shop. You may redeem your item by paying back the loan within the time limit.

In general practice, pawning a quick way to receive cash for property; however, the amount you receive is usually well below the value of the property.

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โˆ™ 2009-02-09 00:00:19
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โˆ™ 2009-07-07 13:15:43

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Q: What does pawn mean?
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